The Stern-Wywiol Gruppe has announced its sales increased by EUR56m, to EUR520m. With this figure, the specialist in food and feed ingredients achieved 12% growth last year.
The development of business is due to the expansion of its international presence and intensive applications research. These have also led to the group being rated as one of Germany’s Top 20 most innovative medium-sized enterprises. Worldwide, the group has over 1,300 employees, 920 of them in Germany.
The Stern-Wywiol Gruppe is made up of 12 independent specialist firms in Germany that develop, manufacture and distribute functional ingredients for the production of food and animal feed. They include internationally well-known companies such as Hydrosol, Mühlenchemie, SternMaid, SternVitamin, Sternchemie, SternEnzym, HERZA Schokolade and Berg+Schmidt.
Last year, a total of EUR20m was invested in the enlargement of production capacities and the broad range of applications research. In this connection, special emphasis was placed on extending the international network. New applications laboratories in Africa, Asia and America bring the employees even closer to their customers and are able to develop tailor-made solutions in cooperation with them on the spot.
“A management concept based on equality and flexible structures: these are what constitute the DNA of our group. They are the source of the exceptional innovative power that distinguishes us from the major corporations in the international market for food and feed”, says Torsten Wywiol, CEO of Stern-Wywiol Gruppe. This again is reflected in the current ranking published by the Munich Strategy Group and the business magazine “Wirtschaftswoche”: in 2017 they rated the Stern-Wywiol Gruppe as one of Germany’s 20 most innovative medium-sized enterprises.
The group intends to invest a further EUR42m in enlarging research and production capacities in Germany and abroad in the next two years. For the current year, Torsten Wywiol is expecting a further increase in sales to about EUR570m.
Photo caption: Torsten Wywiol (left) and Dr Matthias Moser, managing director of Hydrosol, seek inspiration from works of art in the Stern-Wywiol Gallery, in this case a sculpture by the artist Volker März.